Deals fuel bright trade hopes
By Wang Yanlin |
March 7, 2011, Monday
|
Print Edition
Print Edition
THE East China Fair, the country's largest regional trade fair, clinched export orders valued at US$2.84 billion, or 3.38 percent higher than last year's, when it closed on Saturday after a five-day exhibition.
The increased value in export orders is a good harbinger and bodes well for trade activities this year, organizers said. But they warned that political upheaval in some emerging markets may disrupt the trade boom in China.
Among the deals secured at this year's fair were US$1.5-billion worth of garments. Light industry products such as consumer goods and decorations valued at US$1.2 billion.
"More visitors came to the fair this year," said the Shanghai Commerce Commission yesterday in a statement. "The improved quality of our exhibits and recovery in global demand for China-made products have worked to attract more buyers."
According to the commission, 20,105 people from 133 countries and regions visited the fair last week, up 5.65 percent from last year's event. Nearly half of them came from Japan while visitors from Europe and the United States also saw a significant jump from that in 2010.
During the five-day fair which ended on Saturday, officials at the Ministry of Commerce and six trade commissions pledged to improve the quality of China's exports as they honor 2011 as "the year of improvement in export quality."
China's foreign trade grew robustly in 2010, with exports expanding 31.3 percent annually and imports surging 38.7 percent. In January, exports jumped 37.7 percent and imports soared 51 percent.
The annual fair is supported by the ministry and co-sponsored by six provinces including Zhejiang, Jiangsu, Anhui, Fujian, Jiangxi and Shandong, and three cities (Shanghai, Nanjing and Ningbo).
The increased value in export orders is a good harbinger and bodes well for trade activities this year, organizers said. But they warned that political upheaval in some emerging markets may disrupt the trade boom in China.
Among the deals secured at this year's fair were US$1.5-billion worth of garments. Light industry products such as consumer goods and decorations valued at US$1.2 billion.
"More visitors came to the fair this year," said the Shanghai Commerce Commission yesterday in a statement. "The improved quality of our exhibits and recovery in global demand for China-made products have worked to attract more buyers."
According to the commission, 20,105 people from 133 countries and regions visited the fair last week, up 5.65 percent from last year's event. Nearly half of them came from Japan while visitors from Europe and the United States also saw a significant jump from that in 2010.
During the five-day fair which ended on Saturday, officials at the Ministry of Commerce and six trade commissions pledged to improve the quality of China's exports as they honor 2011 as "the year of improvement in export quality."
China's foreign trade grew robustly in 2010, with exports expanding 31.3 percent annually and imports surging 38.7 percent. In January, exports jumped 37.7 percent and imports soared 51 percent.
The annual fair is supported by the ministry and co-sponsored by six provinces including Zhejiang, Jiangsu, Anhui, Fujian, Jiangxi and Shandong, and three cities (Shanghai, Nanjing and Ningbo).
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